secwatch.observer — SEC 8-K summary
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Issuer:     Lantheus Holdings, Inc. (LNTH)
CIK:        0001521036
Form:       8-K
Filed at:   2022-12-06T23:59:59+00:00
Accession:  0001193125-22-298927
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lantheus prices $500M convertible senior notes at 2.625% due 2027; net proceeds ~$485M for buybacks, corporate purposes
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- Offers $500M in 2.625% convertible senior notes due Dec 15, 2027; initial purchasers may buy up to $75M more.
- Initial conversion rate: 12.5291 shares per $1,000 principal (~$79.81/share), a 42.5% premium over $56.01 close.
- Expected net proceeds ~$485M; $75M to repurchase shares from note purchasers, remainder for general corporate use, including up to $75M additional buybacks.
- Board authorized up to $150M in common stock repurchases under certain circumstances; notes are guaranteed by subsidiary Lantheus Medical Imaging.
- Closing expected Dec 8, 2022; notes redeemable at company option after Dec 22, 2025 if stock price exceeds 130% of conversion price.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1521036/000119312522298927/0001193125-22-298927-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1521036/000119312522298927/d366213d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-298927

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